Hillview, Edmonton - August 2026 Real Estate Report

Hillview, Edmonton: Your House Is Worth Way More Than the City Thinks

If you have been glancing at your property tax notice and wondering if the numbers add up, here is the real talk: the city's assessment and what your home is actually worth in today's market are two very different things. In Hillview, that gap is not small. It is massive.

The Vibe: What Is Happening With Houses and Condos Right Now

Houses - A Fast Market With Real Money on the Table

If you own a house in Hillview, the story is pretty straightforward: buyers are competing. The one house that sold recently went for 103.43% of list price. That means the buyer paid above asking. Properties are sitting on the market for an average of just 5 days, which ranks us 4th out of 108 Edmonton neighbourhoods for speed. That is elite territory.

• Average sale price: $455,000
• Current average list price: $439,900
• Price per square foot: $305
• Average days on market: 5 days (top 4% in Edmonton)
• Sold-to-list ratio: 103.43% - buyers are paying over asking
• Estimated monthly rent: $2,915
• Rental yield: 5.57% - strong returns for investors
• Airbnb potential: $145 per night
• Properties assessed this year: 848
• Transactions in 2026: 26

The predicted market value for houses sits at $732,332. That is down slightly from the 3-month moving average of $744,991, so we are taking a small breather. But context matters here - we are still talking about a price point that is dramatically above what the city has on record.

On the neighbourhood leaderboard, Hillview houses rank 250 out of 292 for recent growth. That is a bottom-tier ranking, and we should be honest about it. Values have dipped 2.31% recently. But the speed of sales and the above-asking sale prices tell a different story about demand. This is a neighbourhood where homes move fast when priced right.

Condos - Affordable, Quick to Sell, and Holding Steady

The condo side of Hillview is a different animal. We are talking about one of the most affordable condo markets in Edmonton - price rank is 207 out of 218 neighbourhoods. If you are a buyer, that is a feature. If you are a seller, you need to be realistic about pricing.

• Average sale price: $111,500
• Current average list price: $79,000
• Price per square foot: $111
• Average days on market: 20 days (still top 15% in Edmonton)
• Sold-to-list ratio: 100% - balanced market, no bidding wars
• Estimated monthly rent: $1,046
• Rental yield: 4.33% - moderate but decent
• Airbnb potential: $52 per night
• Properties assessed this year: 241
• Transactions in 2026: 12

The predicted condo value is $191,033, slightly down from the 3-month average of $193,610. Growth ranks 254 out of 302 - again, bottom of the pack. Values have slipped 2.47% recently. Nearby Greenview condos are predicted at $218,977, so there is a gap between us and the neighbours. That said, condos here still sell in under three weeks, which is genuinely fast for this price range.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment. It is calculated once a year using data that is already months old by the time it lands in your mailbox. It is a tax tool, not a market tool. For Hillview house owners, the difference between those two numbers is staggering.

The average assessed value for a Hillview house is $438,522. The average HonestDoor Price is $722,652. That is a gap of 64.79%. In dollar terms, we are talking about roughly $284,000 in value that your tax notice is not capturing. If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value is like navigating with a map from five years ago.

For condos, the gap is much smaller. The average assessed value is $189,751 and the HonestDoor Price is $192,301 - just 1.34% higher. But the HonestDoor Price is updated in real time, so even that small difference reflects what is actually happening in the market today, not what happened last January.

The HonestDoor Price for houses has dipped 1.04% from the previous period. For condos, it has nudged up 0.66%. These are the kinds of real-time signals that a once-a-year assessment simply cannot give you.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Hillview and you are thinking about listing this summer, here is the honest picture. Demand is real - homes are selling in 5 days and buyers are paying over asking. But values have softened 2.31% recently and the growth rank is near the bottom of Edmonton neighbourhoods. That means the window to capture peak pricing may not stay open forever.

Pricing strategy is everything right now. The gap between the average list price ($439,900) and the HonestDoor predicted value ($732,332) is significant. Work with that HonestDoor Price as your anchor, not the assessed value and not a stale comparable from six months ago.

For condo owners, the calculus is different. You are in a balanced market where homes sell at exactly list price. Overpricing will cost you time. The neighbourhood growth rank is near the bottom, and nearby condos in Greenview and Tawa are priced higher. Be sharp on price and you will move your unit. Get greedy and it will sit.

• Hillview house neighbourhood growth rank: 250 out of 292 in Edmonton
• Hillview condo neighbourhood growth rank: 254 out of 302 in Edmonton
• Hillview house days-on-market rank: 4 out of 108 - one of the fastest in the city
• Hillview condo days-on-market rank: 14 out of 111 - still very fast
• Year-over-year neighbourhood growth: 0.11% for houses, 0.13% for condos
• Nearby comparison - Lee Ridge houses: HonestDoor Price $660,036, growing slower than Hillview
• Nearby comparison - Greenview condos: HonestDoor Price $216,493, growing slightly faster

Bottom line: Hillview is not the hottest growth story in Edmonton right now. But houses here sell fast and buyers are still paying over asking. If you are a homeowner sitting on an assessed value of $438,522 while your real-world HonestDoor Price is $722,652, you owe it to yourself to know that number before you make any move this summer.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.